Revenue has updated the Tax and Duty Manual which provides guidance on accelerated capital allowances for farm safety equipment under section 285D TCA 1997 to reflect amendments in Finance Act 2024.
The list of items qualifying for accelerated capital allowances for farm safety equipment has been expanded to include certain equipment that qualifies for Targeted Agricultural Modernisation Scheme grants including calving gates, livestock monitors, floodlights for farmyards and slider/roller doors for agricultural buildings.
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